BDSwiss Forex Broker

Risk Warning Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only. General Information & Regulation Feature Information Registered Country/Region Mauritius Found 2012 Regulation unregulated Market Instrument Forex, and CFDs on Commodities, Shares, Indices, Cryptocurrencies, ETFs Account Type Cent, Classic, Premium, VIP and Raw Demo Account yes Maximum Leverage 1:1000 Spread Vary on the account type Commission Vary on the account type Trading Platform MT4 and MT5, Webtrader and Native Mobile App Minimum Deposit $10 Deposit & Withdrawal Method Visa, MasterCard, Maestro, Giropay, Sofort, eps, iDEAL, Dotpay, Skrill, Neteller, Bank Wire Transfer, Bank Wire and Online Banking BDSwiss, a trading name of BDS Swiss Markets Global Services Ltd, is allegedly a forex and CFD broker founded in 2012 and registered in Mauritius that claims to provide its clients with 1,000+ tradable financial instruments with flexible leverage up to 1:1000 and floating spreads from 0.0 pips on the MetaTrader4, MetaTrader5, Webtrader and Native Mobile App trading platforms via four different live account types, as well as 24/5 multilingual customer support service. Here is the home page of this brokers official site: As for regulation, it has been verified that BDSwiss currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.22/10. Please be aware of the risk. Note: The screenshot date is February 3, 2023. WikiFX gives dynamic scores, which will update in real-time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores. Market Instruments BDSwiss advertises that it offers access to 1,000+ trading instruments in financial markets, including Forex, and CFDs on Commodities, Shares, Indices, Cryptocurrencies, and ETFs. Account Types Apart from demo accounts, BDSwiss claims to offer 5 types of live trading accounts, namely Cent, Classic, Premium, VIP and Raw. The minimum deposit requirement on the Cent and Classic accounts is $10, the Premium account requires minimum initial capital of $100, while $500 on the VIP and Raw accounts. Leverage The leverage provided by BDSwiss is adjusted based on the account type. For example, the maximum leverage on the Premium account is 1:1000, while 1:500 on the other account types. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you. Spreads & Commissions All spreads with BDSwiss are a floating type and scaled with the accounts offered. Specifically, the spread starts from 1.5 pips on the Cent and Classic accounts, from 1.1 pips on the Premium and VIP accounts, and 0.3 pips on the Raw account. As for the commission, it varies depending on the asset class and account type. Just take an example of the commission on currency pairs, there is a commission of $5 on the Raw account, while no commission is charged on the other accounts. More details can be found in the above screenshot. Trading Platform The platform available for trading at BDSwiss are said to be MetaTrader4, MetaTrader5, Webtrader and Native Mobile App. MT4 and MT5 are highly praised by traders and brokers alike due to their ease of use and great functionality, offering top-notch charting and flexible customization options. They are especially popular for their automated trading bots, a.k.a. Expert Advisors. Deposit & Withdrawal BDSwiss says to accept deposits via Visa, MasterCard, Maestro, Giropay, Sofort, eps, iDEAL, Dotpay, Skrill, Neteller, Bank Wire Transfer, Bank Wire and Online Banking, and withdrawals with Visa, MasterCard, Skrill, Neteller, Bank Wire Transfer, PayPal, and Online Banking. The minimum initial deposit requirement is $10, while the maximum withdrawal amount for credit cards is up to €/$/£2,000. There are no fees charged on deposits and credit card withdrawals. As for the processing time of deposits and withdrawals, Bank wire Transfers and Bank Wire deposits require 1-4 business days, while other deposits are immediate. Withdrawals are processed within 24 working hours, however, the time required for your funds to reach your account depends on your banks timeframe as well as the method used to withdraw. Bonuses & Fees According to the information on BDSwiss accounts, we found that it seems to offer a 30% FTD Bonus on the Classic and Premium accounts. In any case, you should be very cautious if you receive a bonus. Bonuses aren't client funds, they're company funds, and fulfilling the heavy requirements that are usually attached to them can prove a very daunting and difficult task. Note that brokers are prohibited from using bonuses and promotions by all leading regulators. The broker also charged an inactivity fee. Inactive accounts are charged 10% of the account balance each month, with the minimum amount charged being €25 or trading account currency equivalent, and the maximum amount charged being €49.9 until the amount balance is €0. Customer Support BDSwiss customer support can be reached by email: support@bdswiss.com, live chat, Telegram, or send messages online to get in touch. You can also follow this broker on social networks such as Twitter, Facebook, Instagram, YouTube and LinkedIn. Registered Address: 6th Floor, Nexteracom Building, Ebene, Mauritius. Pros & Cons Pros Cons • Multiple tradable assets, accounts types and payment options offered • No regulation • Demo accounts available • Commission charged • MT4 & MT5 supported • No minimum deposit requirement Frequently Asked Questions (FAQs) Q 1: Is BDSwiss regulated？ A 1: No. It has been verified that BDSwiss currently has no valid regulation. Q 2: Does BDSwiss offer demo accounts？ A 2: Yes. Q 3: Does BDSwiss offer the industry-standard MT4 & MT5？ A 3: Yes. BDSwiss supports MetaTrader4, MetaTrader5, Webtrader and Native Mobile App. Q 4: What is the minimum deposit for BDSwiss？ A 4: The minimum initial deposit to open an account is $10. Q 5: Does BDSwiss charge a fee？ A 5: Like every forex broker, BDSwiss charges a fee when you trade - either in the form of a commission fee or spread fee. But no deposit & withdrawal fees are charged. Q 6: Is BDSwiss a good broker for beginners？ A 6: No. BDSwiss is not a good choice for beginners. Although it offers demo accounts on the MT4 and MT5 platforms, and quite competitive trading conditions, the lack of legal regulation is an unchangeable truth.